I turn 18 in August and I’m going away to Lanzarote in October with my girlfriend. After reading about Monzo, I’ve kept it bookmarked for the moment I turn 18 so I can immediately top up so its ready to go in October. However, I have a couple questions regarding Monzo and how it works.
I’m currently a Natwest customer, so I’m guessing I can just transfer money directly from my bank to Monzo, or will I have to run it through PayPal for example?
Will I be able to pay friends and family through the Monzo app if they don’t have a Monzo card?
Is there a set limit to top up the card each time? I think I read somewhere I have to top up £100 minimum but not 100% certain on it.
Once Monzo have current accounts etc. Will I be able to drop Natwest and use Monzo as my primary bank for everything I do on a day to day basis?
Although I haven’t actually got an account yet, I’m really looking forward to signing up and purchasing a card and using it abroad.
You only have to top up £100 when you first order the card, after that, the minimum top up by card is £10 but you can use a bank transfer to top up smaller / more precise amounts.
Yes you will, it’ll have all of the standard bank account functionality that you use with a bank like Natwest
I’ve put together a list of the functionality that’ll be available here -
That’s great to hear, was a bit cautious at first but glad someone’s given me proof now that I don’t need to worry about it not working. Do they have a lot of contactless readers or did you just use chip and pin/swipe?
